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16614 S 36th Pl, Phoenix, AZ 85048 is a beautiful 4 bedroom, 2 bathroom, 2256 Square Feet home in the Ahwatukee area of south Phoenix. This home boasts a 3 car garage, split floor plan, open living area, formal dining room, private pool, hot tub, and built in bbq. This spacious property backs to the peaceful greenbelt and has a private gate leading out to hiking/walking trails.

Visit http://www.North-ScottsdaleRealEstate.com for more information. One of the biggest complaints against the Home Buyer Tax Credits that we just saw Congress extend through September 30th, 2010 was that it was artificially propping up the Housing Market. Buyers were flooding the streets to purchase real estate and take advantage of the First Time Home Buyer Tax Credit (up to $8000) and the Move Up/Repeat Home Buyer Tax Credit (up to $6500). Now that the deadline to qualify, April 30th, has passed, things have slowed down. But if $8000 and $6500 tax credits stimulated so much interest, why aren’t the streets flooded with Buyers taking advantage of record low mortgage interest rates? This Video explores just how much money you spend when mortgage interest rates change by 1%, how that compares to the tax credits, and why the average buyer may be more tempted by tax credits. All information regarding mortgage interest numbers is from http://www.bankrate.com as of 7/7/2010.

Visit http://North-ScottsdaleRealEstate.com for more information
Many homes in the North Scottsdale Real Estate market are underwater; meaning that the owners owe significantly more to their lender for the property than the home is actually worth on the open market. This drop in value signifies tough economic situations for many people and an drastic increase in foreclosures. Some of those foreclosures are people that cannot afford their monthly payments. Some of those foreclosures are a strategic default.
Fannie Mae has taken a strong stance against individuals that strategic default on their home. This Video explains what they plan on doing to anyone that attempts to walk away from their property despite having the financial wherewithal to continue making their payments. This is another example of how it is always better to pursue a short sale or loan modification instead of giving up and going into foreclosure.
What’s your opinion of strategic defaults? What’s your opinion of Fannie Mae’s hard-line stance against them? Leave a comment below and let us know!

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Despite the House and the Senate each passing a bill successfully that contained an extension of the Home Buyer Tax Credit, there is NO extension. As it currently stands anyone who qualifies as a first time home buyer or as a move up/repeat home buyer must have been under contract by April 30th, 2010 and must close that purchase transaction prior to June 30th, 2010.

For more information regarding short sales visit http://www.north-scottsdalerealestate.com. In North Scottsdale Real Estate, of the 3,286 homes that are currently have a listing status of “Active” on the MLS, 25% are listed as short sales. For better or for worse short sales are prevalent in today’s real estate market. This short video takes you through some of the most important questions you should ask any Realtor you are interviewing to assist you with the short selling of your home.
We would like to hear from you. Have you ever hired a real estate agent to short sale your home? What questions did you ask or do you whish you asked? Leave a comment below.

For more information visit http://www.north-scottsdalerealestate.com.
When buying a home in the North Scottsdale Real Estate market, you will have to decide if you want to ask for seller concessions. If you are selling your home in the North Scottsdale Real Estate market, you will have to decide if you are willing to offer seller concessions. Many Buyers feel like they are entitled to them because it is a “buyers market”. Many Sellers feel like they are giving away money.
The truth about seller concessions is that they are totally neutral. Seller concessions allow the buyer to finance their closing costs rather than pay cash for them.
This video explains why.
What is your opinion on seller concessions? Have you had any experiences with seller concessions? Leave a comment below and let us know!

Visit http://North-ScottsdaleRealEstate.com for more information regarding short sales and short pay refinancing.
This video discusses how long you will have to wait after selling your home through short sale before you are eligible for a new mortgage. In the vast majority of situations the waiting period after a short sale is three years. There are some situations where you can get FHA financing almost immediately after a selling your home through short sale. The catch is that you cannot have missed or been late on any payments for 12 months leading up to the close of the short sale. These same requirements would apply to a short pay refi.

Today was the Keller Williams RED (Renew, Energize, and Donate) Day. Keller Williams agents all across the country spent a day giving back to the community in a variety of projects. Keller Williams Arizona Realty spent the day with the Phoenix Rescue Mission at the Changing Lives Center. There were a variety of jobs our agents helped with. The building is just finishing construction so there was a lot of cleaning, weeding, and painting to do. The Precision Team spent the day assembling desks… lots and lots of beautiful desks. This video gives you a quick tour of the Changing Lives Facility but by no means does it do justice to the work that other agents put in today.

Visit http://www.ThePrecisionTeam.com for more information or to set a private showing.
The Precision Team is proud to present our newest listing, 1142 N Saint Elena St., which is a wonderfully updated home in Gilbert’s Val Vista Park. This is a short sale and priced to go quickly at $240,000. 1142 N Saint Elena St has 2,513 square feet, four bedrooms, 2.5 bathrooms, a private pool, living room, dining room, open Granite kitchen and family room with a breakfast nook. There is a first floor master suite with access to the pool, separate soaking tub and shower, walk in closet, and dual sinks. Enjoy your privacy with no homes behind you.